Farther Finance Advisors LLC Makes New $36,000 Investment in Innodata Inc. $INOD

Farther Finance Advisors LLC bought a new position in Innodata Inc. (NASDAQ:INOD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 700 shares of the technology company’s stock, valued at approximately $36,000.

Other large investors also recently modified their holdings of the company. Yong Rong HK Asset Management Ltd bought a new position in Innodata in the first quarter valued at about $28,548,000. Wellington Management Group LLP lifted its holdings in Innodata by 177.8% in the first quarter. Wellington Management Group LLP now owns 793,041 shares of the technology company’s stock valued at $28,470,000 after acquiring an additional 507,540 shares during the period. Nuveen LLC bought a new position in Innodata in the first quarter valued at about $12,310,000. Driehaus Capital Management LLC lifted its holdings in Innodata by 34.3% in the first quarter. Driehaus Capital Management LLC now owns 567,866 shares of the technology company’s stock valued at $20,386,000 after acquiring an additional 144,972 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Innodata by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,760,354 shares of the technology company’s stock valued at $63,197,000 after acquiring an additional 120,630 shares during the period. Institutional investors own 30.75% of the company’s stock.

Innodata Stock Up 0.2%

Shares of NASDAQ INOD opened at $87.46 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.87 and a current ratio of 2.87. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 70.53 and a beta of 2.96. The stock has a 50 day moving average price of $54.29 and a 200 day moving average price of $46.00. Innodata Inc. has a 52-week low of $14.79 and a 52-week high of $90.92.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $58.39 million during the quarter, compared to analyst estimates of $56.35 million. Innodata had a return on equity of 54.27% and a net margin of 18.71%.The company’s revenue was up 79.7% compared to the same quarter last year. Sell-side analysts expect that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

INOD has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a research report on Saturday, September 27th. BWS Financial reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Innodata in a research note on Monday, June 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.